The intervention follows a collapse in talks between the UK government and the Chinese Steel Corps, Jingye Group.
The UK government has undertaken effective control of British steel in order to preserve the fascination ovens, after the lawmakers agreed to save the emergency.
With 3,500 suspended jobs in the scale, the British ministers rushed to move to legislation on Saturday to allow the state to temporarily operate operating control.
The intervention follows the collapse of talks between the UK government and the Chinese British owner, Jenji, on plans to transfer the company to more green production methods.
After voting, British Prime Minister Kiir Starmer traveled to the site, warning that the son -in -law – which lost 915600 dollars (700,000 pounds) per day – was on the lips of the closure.
“You and your colleagues have been for years of the backbone of the British steel, and it is really important to realize this,” said Starmer. “It is your functions, life, societies, and families.”
The legislators were summoned from Easter in the event of an emergency on Saturday.
Business Secretary Jonathan Reynolds MPS has told the new law to grant the governmental authority to manage operations, ensure the payment of workers, and secure biomedes to preserve ovens.
Reynolds said that the entire state acquisition is “likely to be” probably “given the behavior of the current owners of the company. He said:” The failure to act today will prevent any desirable results from being considered. “
The draft law approved the House of Commons without opposition.
If it is nationalized, British Steel will become the largest rescue in the United Kingdom since the 2008 banking crisis.
The collapse of its Scunthorpe operations in the United Kingdom will leave the only G7 unable to produce virgin steel – made directly of raw materials such as iron ore and coke.
Already under pressure from the abundance of global supply and high energy prices, the company was exposed more through the new 25 percent American tariff, which affects 5 percent of annual steel exports of approximately $ 520 million.
Reynolds emphasized that relying on foreign steel will grow in the event of closing the ovens, and pledged to fight for their future, as well as pressure to raise American commercial restrictions.
The government has already pledged $ 3.2 billion to support the steel sector and aims to reveal a long -term strategy in the coming months.
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